XML 47 R27.htm IDEA: XBRL DOCUMENT v3.22.0.1
Stock-based Compensation (Tables)
12 Months Ended
Dec. 31, 2021
Share-based Payment Arrangement [Abstract]  
Summary of Restricted Stock Activity
A summary of restricted stock activity is presented below:
Number of
Restricted
Shares
Weighted
Average
Grant Price
Outstanding at January 1, 20211,038,006 $5.80
Granted473,162 $6.05
Vested(543,695)$6.13
Forfeitures(14,502)$5.58
Outstanding at December 31, 2021952,971 $5.74
Year Ended December 31,
202120202019
(In thousands, except per share data)
Fair value of vested restricted stock$3,070 $2,852 $925 
Per share weighted average fair value$6.05 $5.38 $5.40 
Compensation expense recognized for restricted stock grants$3,406 $3,247 $2,121 
Unrecognized compensation expense related to unvested shares$3,939 
Expected recognition period1.7 years
Summary of Significant Assumptions Used to Value PSUs
Significant assumptions used to value PSUs included:
Year Ended December 31,
202120202019
Risk free interest rate0.3 %0.3 %1.5 %
Range of implied volatility:
Minimum37 %39 %32 %
Maximum83 %198 %84 %
Summary of PSU Activity
A summary of PSU activity is presented below:
Number of
PSUs
Weighted
Average
Grant Price
Outstanding at January 1, 20211,136,488 $9.33
Granted220,929 $8.56
Forfeitures(307,507)$12.93
Outstanding at December 31, 20211,049,910 $8.11
Year Ended December 31,
202120202019
(In thousands, except per unit data)
Number of PSUs granted221 232 619 
Grant date fair value$1,891 $1,943 $4,857 
Grant date fair value per unit$8.56 $8.37 $7.85 
Compensation expense recognized for PSUs$3,392 $3,217 $1,899 
Unrecognized compensation expense related to unvested shares$3,444 
Expected recognition period1.6 years